Keegan Cin | Realtor® | License # DRE 01971604

Property

Covina, CA 91722 1051 N Citrus Avenue

1051 N Citrus Avenue Covina, CA - Image 11051 N Citrus Avenue Covina, CA - Image 21051 N Citrus Avenue Covina, CA - Image 3
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Presented By: Eric Eide with RE/MAX MASTERS REALTY; 714-785-2557
  • MLS# CV24196170
  • 12/21/2024
  • Request Tour
  • Request Info
  • SQFT • 4,814
  • Year Built • 1972

Home Details

Prime Office & Retail Building for Sale – A Premium Investment Opportunity Located in a high-traffic area, this versatile office and retail building offers an exceptional investment opportunity for buyers seeking a dynamic and profitable property. The building spans multiple levels, providing ample space for both retail and office use. Upper floors include modern office spaces with flexible layouts, suitable for single or multi-tenant use. Each office features high ceilings, large windows, and abundant natural light, fostering a productive work environment. On-site parking with 20 spaces available, including dedicated spots for both retail customers and office tenants. Situated in a bustling area with high visibility, the building is easily accessible via major highways and public transportation. The surrounding area boasts high foot traffic, a mix of residential, commercial, and leisure destinations, ensuring constant visibility and business flow. Multi-tenant rental income from both office and retail spaces. Strong demand for retail and office properties in this highly sought-after area with potential for long-term capital appreciation. Whether you’re looking to expand your portfolio or invest in a prime location that offers both retail and office tenants, this property offers everything you need for a successful venture.
Presented By: Eric Eide with RE/MAX MASTERS REALTY; 714-785-2557

Interior Features for 1051 N Citrus Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup, Inside, SeeRemarks
LivingAreaSourcePublicRecords
Total Stories2

Other Rooms

Entry Level1

General for 1051 N Citrus Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeBarberBeauty, MultiTenant, ProfessionalOffice, ProfessionalService, Retail
Cap Rate4.5
Carport Y/NNo
CityCovina
Construction MaterialsFrame, Stucco
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
Current FinancingNone
Current UseCommercial
DirectionsNorth on Citrus Ave and South of Covina Blvd.
ElectricVolts220InLaundry, Standard
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingForcedAir, WallFurnace
Home Warranty Y/NNo
Insurance Expense5906.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Contract, Exchange1031, OwnerMayCarry, PrivateFinancingAvailable
Lot Size Square Feet15264.0
Lot Size UnitsSquareFeet
MLS Area614 - Covina
MobileHomeRemainsYNNo
Net Operating Income74192.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Occupancy TypeTenant
Operating Expense30868.0
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition, Flat, Mansard, TarGravel
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Trash Expense2416.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense1613.0
Waterfront Y/NNo
Year Built1972
Year Built SourcePublicRecords

Exterior for 1051 N Citrus Avenue

Building Area Total4814.0
Crops Included Y/NNo
FencingBlock
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, NearPublicTransit, Paved, SprinklerSystem
Lot Size Acres0.3504
Lot Size Area15264.0
Lot Size SourceAssessor
Number of Buildings2
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,650,000
MLS#CV24196170
List Date 12/21/2024
Property Type Commercial
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Request Info
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